Well I was trying to start my own personal rainy day fund, and on the FIRST DAY of the New Year, my tranny takes a dump!
I guess I gotta request a bailout now too![]()
Working in the Stock Market, I get to see all kinds of greed first hand. When the Mortgage Back Securities (Swap) failed, all the companies that bought into this deal were suppose to save that extra money incase people defaulted on their mortgages. And of course greed in these companies took over and they kept the money for themselves. And when people started defaulting enmass, the companies did not have any of that money stached away to offset the difference.
Hence buhbye Goldman Sachs, and many others who bought into this whole scheme.